Wednesday, October 8, 2008

MultiCharts Review

One versatile stock trading software is called MultiCharts. Those who have had experience with other programs, MultiCharts will remind you of Tradestation. It is not only a charting package but it also has an Easy Language-type editor which allows more experience users to modify existing studies or even create their own. It also features real time functionality, alerts and has an automated trading ground to make everything easier.

Beginners will not have a hard time understanding how the program works because it has a very intuitive interface which can be described as slick and minimalist. Though the program may appear to be simple, it contains everything that a trader needs to do efficient trading including customizable windows, a drawing menu and a wide array of charting tools. The program also allows several symbols to be displayed in a single window allowing the user to view various combinations of symbol and timeframe simultaneously.

As mentioned, experienced traders are given the hand to modify or add studies to set the trading environment. These studies can include slippage, brokerage costs, and others which are important for accurate back testing. However, this feature is not limited only to the more experienced trader since the program comes with an Easy Language editor which will encourage beginners to make their own because of its ease of use.

MultiCharts is an efficient optimization package which enables fast testing of strategies and has an excellent performance viewer. It also automatically creates 3D charts which makes it easy to visualize performance and optimization. One great thing about MultiCharts is that it is compatible with any type of data format making it more convenient and functional.

The alert system and the automated trading option in the program is a very useful feature especially to those short-term traders who are fond of intraday trading. This feature allows the program to be the main market interface and not simply just to test a trader’s market strategies. This program is really designed for traders of various levels of expertise and more experienced ones are recommended to try it somehow.

The pricing plans for the program are very inexpensive compared to other investing software of the same capability. Exorbitant fees are not charged upfront by the developers of MultiCharts. They even offer a 30 day trial period for those wanting to explore and see if this is indeed the software for them. This trial option can be helpful for beginners so that they will have enough time to learn the ins and outs of the software. For those convinced about the functionality of the software, a one-time for life fee is charged and comes with unlimited use. They also have 3 month plans wherein you can choose to stop or continue your use of the MultiChart software. One thing that sets MultiCharts from other software is this: a trader won’t have to buy CDs and deal with the manuals that come with the software since these are readily downloadable from the web once payment is provided.

20 comments:

Steve said...

Well.... round about every blog posts online don't have much originality as I found on yours.. Just keep updating much useful information so that reader like me would come back over and over again.
………………
forex trading Robots

haris said...

This is a very nice blog,I have seen this variety of post after a elongated moment. I value your endeavor for compiling such post.

Dissertation Writing Service

Expert said...

Thanks a lot for your overwhelming participation and appreciation of the different activities The post is pretty good. I really never thought I could have a good read by this time until I found out this forum. I am grateful for the information given.
dissertation writing | dissertations | dissertation help | write dissertation | dissertation examples | buy dissertation | dissertation proposal

ethanlord said...

I have to say that the information here was the most complete that I found anywhere. I am definitely bookmarking this to come back and read later
dissertation proposal , dissertation writing service.

johntydavid said...

Nicely explained. It's indeed an art to stop new visitors with your attractive writing style. Truly impressive and nice information. Thanks for sharing.
Logo Design Contests

laylajocasta said...

This site was very helpful for me thanks a lot for sharing such newsy and informative site in this blog. Thanks a lot for the useful stuff because it was very helpful for me.
UK Essay Writing || Dissertation Proposal Writing

smithhogg said...

Superb work! This info will be very useful for a lot of people. I love the blog very much. Thanks for sharing the info guys.
essays help | essay writing uk | essay writers

laylajocasta said...

Resources like the one you mentioned here will be very useful to me! Write My Essay I will post a link to this page on my blog. Essay Help I am sure my visitors will find that very useful.

johnson edward marshall said...

It’s hard to find knowledgeable people on this topic, but you sound like you know what you’re talking about!
Dissertation Writing Service UK

johnson edward marshall said...

It's been some time but it's finally time for another Modern Home Design special edition where I share some of my favorite recent discoveries
Essay writing

briggsbrent said...

Nice to be visiting your blog again, Well this article that i been waited for so long. I need this article to complete my assignment in the college, and it has same topic with your article. Thanks, great share.
Assignment Help | UK Assignment Writing Service | Buy UK Dissertation | UK University Essays | Do My Assignment For Me | Statistics Help

Expert said...

Im really interested in, I just started reading and Im glad I did. Youre a good blogger, 1 of the best that Ive seen. This blog absolutely has some data on subject that I just want aware of. Thanks for bringing this stuff to light.
Custom Logo Design |
affordable Logo Design
| Cheap Logo Design

sunitha said...

Yes, well written article. I could find out some useful information on your blog guys. This is really useful for everyone. I love this post. Thanks for sharing it. joomla development

Elvis said...
This comment has been removed by the author.
Elvis said...
This comment has been removed by the author.
SandraSteve said...

I appreciate spending some time to talk about that, I believe firmly regarding this and so really enjoy understanding more about this kind of subject.Keep up the good work!
Where to Sell Gold | Cash Gold | Price of gold per gram

Admin said...

it is very good post nice and must be admitted one of best blog. thanks for sharing.

Pay Per Click ROI

Admin said...

Great information, you have a wonderful blog and an excellent article!!

Video Gaming Logo

maruthi said...

Really Knowledgeable, such an useful post for me. It is fantastic for new learners and valuable for them. thanks for sharing....

2D animation course

Elvis said...

hi